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Cost of Solar Panels
How much do home solar panels cost? The question you need to ask yourself is, how much money are you throwing away by not producing your own power? There has never been a better time to save money on your electric bill. It's time to stop sucking off the grid and become your own green energy producer. Residential solar power for is one of the best and most stable investments you can make right now. Commercial solar can be even more lucrative as some businesses have massive energy requirements. Because you will always need significant amounts of electricity to live or operate, the ability to eliminate your monthly electric bill will save you tens of thousands over the next few decades, and you will increase the value of your home.
*based on averages of many projections.
We offer various flexible options including leasing, financing, and outright purchase that will all save you money. As a bonus you will be a major contributor to helping keep the environment cleaner as you become a producer of sustainable energy. There are just no more excuses in this age to continue paying for power that pollutes the environment when the sun is above us all day providing free energy that can now be harnessed conveniently and affordably.
It's right there everyday and it's even better than free when you realize the savings.
Increase Your Home's Value
If you ever decide to sell your home, you are going to reap the benefit of having installed your solar panels. In 2015 Berkely Lab studied the effect of solar electric panels on a home's value and found that the average increase in value was around $15,000! You could recoup every penny or even make money on your home's resale value. Your home appraisal will come in higher and buyers will pay more for a home with solar panels knowing they won't have an electric bill.
How Much Can You Save With Solar?
There are many factors to consider in estimating just how much money you will save buy installing a solar energy system. The first and most obvious is how much electricity do you use? It is not uncommon for a family to have energy bills of $200 or more per month, or $2400 per year. Multiply that by 10 years and you would be spending $24,000 on electricity in a decade! A single person or a small family who are lighter on energy consumption could be half of that, in fact the average electricity bill in California is right around $100 per month. Lower rates of consumption mean that you will require a smaller and less expensive panel system, but even the average electric consumer would still be spending $12,000 in 10 years assuming electricity rates do not increase. To eliminate your bill, re-coop your investment in as little as 7 years, and then have no bills for another 15+ years is a huge amount of money saved.
When solar energy first began popping up on residential rooftops, the payback on the initial investment was around 30 years. The cost of having a system installed and warrantied is much lower now with well designed systems paying for themselves in as little as 7-10 years. You can expect that same system to last for 25-30 years with maintenance.
Again there are many factors including your average energy usage, local rebates, federal incentives, financing or lease options, cash down or zero down, warranty/maintenance packages etc.
In order to get the best estimate of what you will spend, what you will save, and what options you have, it's best to meet with one of our energy planning consultants. Our consultants are experts on what rebates/incentives are being offered, exactly how your specific electric company credits you for the excess energy you produce, the different options of buy vs. finance vs, PPA vs. lease, money down up front or no money down. It is totally feasible to lease a fully warrantied system with no upfront cost and actually begin spending less per month than you do now. There really is no logical reason for a home in California's sunny weather to be buying electricity from their local electric company.
Every new home in California in the year 2020 will be required by law to be built with solar panels and the number of existing homes installing is skyrocketing. The equipment is better and more affordable than ever.
Be part of the smart energy revolution today! Call 916-507-0551 to schedule your free planning session.
Call now to schedule your energy planning session. Produce energy, save money.